The current state of the C&I solar market is limited in scope due to the limitations of traditional methods of financing solar energy projects. C-PACE has the potential to expand solar opportunities and open markets in three ways:

▪ Provides a long-term financing solution that can be utilized in markets where third party ownership (e.g. PPAs) is prohibited. C-PACE may help to open over 4.5 million companies with properties in PPA-prohibited states to solar development.vi▪ Allows markets with low electricity rates to be opened to development by providing longerterm financing and the ability to bundle solar with energy efficiency upgrades.▪ Addresses project-specific issues that have hindered solar development in mature markets, like transferability and credit hurdles. According to Moody’s, in California alone, nearly two-thirdsof rated businesses hold non-investment-grade credit. vii C-PACE could continue to open thisalready strong market with a long-term financing option.

C-PACE is a critical tool in opening tomorrow’s solar markets, and strengthening those in existencetoday. It should be taken seriously by the thousands of C&I developers operating across the country.